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. not because there hasn't been pain and tax rises and cuts affecting every family in this country. not because they didn't want to cut it borrowing. they did. not because your services aren't getting worse. they are. but because if you stop an economy growing, then it leaves more people out of work claiming benefits, not paying taxes. businesses struggle so they're not paying taxes. and as a result borrowing goes up. borrowing not to invest in schools, in hospitals, transport and education. but borrowing to keep people idle. so the next time you hear a conservative say to you labour would increase borrowing, just remember it is this government that is increasing borrowing this year. [applause] so what have we seen? we've seen recession, higher unemployment, higher borrowing. i don't think that's what people were promised. now look there will be some people who say, and this is an important argument, they'll be some people who say, well there is short-term pain but it is worth it for the long-term gain. but i'm afraid the opposite is true. you see that the longer you have low growth in our coun
to pay taxes, we should not be using taxes to reward people who fail. we should be using them to reward people that want to work. everybody in this country should succeed, not just people in government. host: president obama gave an address yesterday talking about how congress should act to keep taxes low. let's take a listen. >> 97% of small-business owners will not see their taxes go up next year. this is something everybody says they agree on. it should have gotten done months ago. republicans in congress are standing in the way. there are holding tax cuts for 98% of americans hostage until they pass tax cuts for of the richest 2%. congress needs to step up and provide every responsible homeowner a chance to save $3,000 a year on mortgage at refinancing at lower rates. i give them a plan to do that in february. it is a plan that has the support of independent nonpartisan economists. republicans will not let it come to a vote. ask them how that helps homeowners. congress needs to step up and pass my plan to create a job corps to help our returning heroes find jobs as cops, firefighter
comments on tax policy, senator chuck schumer talked about taxes. he spoke and answered questions at the national press club for about an hour. >> good morning. we're starting right on time today. i want to thank you for coming. i want to thank those who are joining us on c-span. on behalf of the national press club we're honored to have with us the senior senator from new york charles schumer. the senator will address the topic of tax reform. i just want to say i think this is an appropriate topic following a columbus day weekend. in club bus' time the prevailing weekend that there were dragons right over the horizon and most people thought the world was flat and anyone setting nauf a journey would go off the cliff. columbus thought he could find a new route. and today we're going to be exploring new tax reform and how to avoid a fiscal cliff. the senator will speak for about 20 to 25 minutes and then we will open up to questions. senator? >> ok. thank you, jamie for that very timely introduction. i want to thank the national press club. here's what i said yesterday at the new yo
government. >> that trickle down government phrase looks like an attempt to neutralize attacks on his tax plan as just one more version of, quote, trickle down economics. romney did some major cleanup work yesterday on the comment that had been the most damaging to his campaign in the last few weeks, the 47% comment. >> clearly, in a campaign with hundreds if not thousands of speeches and question and answer sessions, now and then you'll say something that doesn't come out right. in this case i said something that is just completely wrong. i absolutely believe, however, that my life has shown that i care about a hundred percent. >> that's what he said. everything he said there he said was completely wrong. does raise this question. how many resets can a presidential nominee have? take a look at romney's shifting responses over the last three weeks on 47% to put it all in perspective. >> as i point out i recognize that among those that pay no tax approximately 47% of americans i'm not likely to be highly successful with a message of lowering taxes. you know, it's not elegantly stated. let
and your taxes. >> unlike president obama, i will not raise tax on the middle class of america. >> i want to reform the tax code so it's simple, fair. >> the candidates' opinions couldn't be more different and the stakes couldn't be higher. >> their philosophy is if you don't are health insurance, don't get sick. >> now is the moment we can do something. and with your help, we will do something. >> cnbc's coverage of the first presidential debate of the 2012 presidential election begins now. >> tonight some of the most influential figures in the nation on the economy join us here on cnbc. >> we've got representative and hopeful ron paul with us. texas, from texas. he is of course outspoken about the federal reserve policies. robert reich is here with us tonight. also with us grover norquist. the man behind the no new taxes pledge so many republicans made. and bob lutz a former top auto executive. the auto bailout expected to be a big topic tonight. and we've got president of the aflcio. unions of course a major constituency. and roger altman. as you can see the lineup card is full. going
, everybody. as howard mentioned, a big report about the tax components of the fiscal cliff and what the effects could be on american households. i want to make five basic points that we raised in that study. the fiscal cliff really is big. it would be more than $500 billion in a tax increase. this works out to a tax increase of more than 20%, which is very large. looking at whether this would be the largest tax increase in history. for the average household, that works out to about $3,500. someone who earns around $50,000, it would be somewhere in the neighborhood of $2,000. the second point is it affects virtually everybody. close to 90% of households would see their taxes go up. there are a few folks out there, primarily older seniors and citizens who do not have children who might not be affected, but the vast majority of american households would be affected by going off of the cliff. the first order for business is running through what the effects will be. those of you in the room have a handout that summarizes things. those of you at work and at home should be able to find thi
the largest profit tax cut in the history of the state at the time. that is a record done with a republican governor, is but the republicans and democrats in the house and senate. it was a bipartisan effort. we got things done for texas. >> can use them much money of race? >> i really do not know. i have been on the road. >> 1 million, maybe. >> oh, no. i really do not know. texted democrat has not won a statewide office since 1994. do you consider this an uphill battle? >> it is always a battle. it should be in need to be. i understand that we have not elected a democrat in a long time. >> let's go on now to ted cruz. you said i'm going to run scared but you may few appearances and this september and agreed to this debate and one other televised debate. you turned down one in a houston last week. curtis that the governor for skipping almost -- you criticized the governor for skipping. >are you calling it say? >> our approach has been consistent for nearly two years. crisscrossing the state of texas. we have been all over the state, in hundreds of ihops and denny's talking qith 100 voters
, taxes and the future of health care. nbc's steve handelsman has more. >> reporter: the pressure was on mitt romney who needed a turn around. president obama came into the debate ahead in every battleground state. with an estimated 60 million americans watching on tv, cable and the web, moderator jim leherer asked can you put more people to work? >> the answer is, yes, we can help. >> reporter: romney would cut taxes and regulations on small business. >> my priority is jobs, and so what i do is i bring down the tax rates. >> governor romney's proposal that he's been promoting for 18 months calls for a $5 trillion tax cut. >> reporter: which the president claimed would help the rich at others' expense. >> the average middle class family with young children would pay $2,000 more. >> everything he said about my tax plan is not accurate. >> it is not possible to come up with enough tax cuts to avoid either raising the deficit or burdening the middle class. it's math. it's arithmetic. >> reporter: on medicare and social security one agreement. >> neither the president nor i are propos
on 2013 tax increases and the so-called "fiscal cliff." activity p.m., and how corporate money is affecting the congressional races this year. c-span brings you select a vice presidential debates from the past 25 years. here's the lineup. at 7:00, at dick cheney and john edwards. that is followed by then senator joe biden and sarah palin at washington university. at san 3:00 p.m., a vice president george bush and rep ferraro. at 11:45 p.m., and center dan lloyd and signaturesaid mr. bentsen. >> on the fourth day of being in office, a weaver sitting in the oval office. larry summers was looking at this year's budget. you're going to have $1 trillion deficit. he said i have not done anything yet. >> we can not keep looking our children in the eye knowing that we're going to give them a diminished future because we're spending their money today. it is a very simple idea. mayor ron and i am going to bring it to washington. we have to stop spending money we do not have. we must cut spending. we must get this balanced budget. we must get this debt under control. >> congressman paul r
, taxes and the future of health care. nbc's tracie potts is in denver for us. she has a preview. good morning to you, tracie. >> reporter: lynn, good morning. the pressure was on for romney to perform, to back up his ideas with details, taking on the man that even republicans called one of the most skilled debaters in modern politics. the point of this debate was to make differences clear on lowering the debt. >> you said you'd cut the deficit in half. it's four years later, we still have trillion-dollar deficit. >> the way we do is for additional cut, we ask for a dollar of additional revenue, paid for, as i indicated earlier, by asking those of us who have done very well in this country to contribute a little bit more to reduce the deficit. >> reporter: the president insisted romney would spend $5 trillion on tax breaks favoring the wealthy. >> math, common sense and our history shows us that's not a recipe for job growth. >> everything he just said about my tax plan is inaccurate. >> reporter: they clashed on wall street, whether banks should be too big to fail, and medicare. >> cu
gallon of gasoline in california goes to state and federal taxes that's among the highest in the nation. he will put his life on the line as he attempts a world record jump. he will sky dive from a capsule 33 miles above the planet's surface. he will smash through the sound barrier on the way top speed 690 miles an hour. for an idea of how high this is. consider mt. everest rises 29,000 feet. commercial jets cruise around at 39,000 feet. this guy will be jumping from 120,000 feet. >> really? >> yup. >> that's your 5@5:00. >>> couple minutes after the hour we are exactly 4 weeks away from the presidential election mitt romney delivering a major foreign policy address yesterday making the case against four more years of the saforeign policy. >> doug kelly is live with more. >> good morning. focus turned to foreign policy with governor romney delivering a major address at the virginia military institute offering his severest critique yet of the president leading from behind. >> hope is not a strategy. we can't support our friends in the milled east when our words are not backed up by these
not raising taxes and essentially reducing the regulatory burden, but as you know, and the president said it, but it's true, the president's plan as well, there are not a lot of specifics here so it is a little hard to kind of pin down exactly what each of these candidates is going to do. but i think the general view is less government basically. let the free market do its thing. that was the message from last night. let the american people make their own choices, do their own thing. and that's sort of in a broad sense what romney is talking about. dagen: it was great to see you. >> thank you. dagen: coming up next hour john challenger on his new layoffs report and what the candidates need to say about the mess. connell: here we go. 18 electoral votes and no state was mentioned more in the debate last night than ohio. dagen: liz claman live from cleveland for day one of open for business. liz? liz: well, from politics to business, cleveland and ohio, look at this, we are at the rock and roll hall of fame where 100 million dollars of tourism money comes through these doors every single year,
of the unemployed and the poor. that is where a flat tax comes in. it allows attraction of the capital abroad. sam nunn was correct, you have to cut government spending. that has to happen, especially entitlements where you pay people not to work. there are other ways of bringing the debt down. cool ones. for example, how about a federal state, local, tax amnesty program? there are a lot of people in the underground economy that would be brought above ground with amnesty program. i estimate a federal, state and local tax amnesty program would raise about $800 billion in 90 days. you can also sell some assets off. camped person -- camp pendleton is 500 square miles in california. why not sell it? >>neil: my point, when you say it is too big to handle, you are missing the point, you cannot cut $16 trillion debt but you can boom your way from it. we are losing sight and what bill clinton learned in 1993, 1994, if you present a plan that looks credible like you want to reverse the direction, sometimes that creates a boom in and of itself and inspires confidence in the market that has little confidence
out enough in debt, and enough taxes we have made changes that grows this economy, and that is why i am running for the united states senate. to change the want leadership in washington. we can change that. that is why i am running for the senate. i want to pass a balanced budget. i am not your usual politician. i'm not one of the good old boys pay ed i will make this tough decisions in the united states senate. i will roll up my sleeves, work hard for you, and i will fight for you. >> now the opening statement from bob kerrey. >> thank you. i love nebraska. i always have and i always will. i was born here in lincoln. i left nebraska and went to war and came home, and i recovered from illness in the lincoln. i started a business that employed more than 700 people. i served as your governor, balancing our budget, and i left after four years and went back to business. i served as your son that -- as your senator, and again we balance our budget. i am a candidate for congress for the senate because congress needs to change, and i will fight to make that happen. i have never had and neve
dollars of revenues. number four, have it more comprehensive or more competitive simple tax code with fewer deductions than would not only create over 500,000 new jobs a year but over $23 billion would come in every year. that's the way to do it. set priorities, make cuts but also grow the economy. >> now time for our closing statements and by the order of coin flip, mr. allen, you go first. >> well, thank you for the opportunity to have this debate and thank you all again for watching. there's a lot at stake in this election. it's a pivotal election but it's going to determine the trajectory of our country. whether there will be changes in the united states senate, if tim is in, he will be in there for the same folks he's campaigning for all of these years when he was chair of the democratic national committee, ignoring the needs, dire needs of people in virginia. i want to see change in washington, those positive, constructive ideas that can get this country going in the right direction. i believe we ought to get united behind the mission of sending a message to the world that
and a tax cut. that was done with the republican governor, is split between republicans and democrats in the house and senate. it was a bipartisan effort. we got it done for texas. road. been on the i really do not know. >> mr. sadler, a democrat has not won a statewide office in texas since 1994. do you consider this an uphill battle? >> for an open senate seat, it is always a battle, and should be, and needs to be, regardless of the party. i understand we have not elected a democrat in a long time. >> let's go to mr. cruz. he said the day after you beat lt. governor dewhurst, he said he would run scared for the general election. but you have agreed to this and what other debt -- televised debate. you criticized governor dewhurst for having almost 40 candidate forms up to the primary, but are you planning its eighth and coasting? safe and coasting? >> we have been crisscrossing the state of texas. we have been all over the state, literally hundreds of dop's and vfw halls and enny's talking with voters in every part of the state. that is what we are doing between now and election day.
/11, and today osama bin laden is dead. four years ago, i promise to cut taxes for middle-class families, and we have, by $3,600. of promised to cut taxes for small business owners, and we have 18 times. we got back every dime we used to rescue the banks, and we passed a law, to the end taxpayer-funded wall street bailouts permanently. we passed health care reform, also known as obamacare, because i do care. i do not want insurance companies, jerking you around anymore. i do not suit him -- do not want somebody without health care because they have a pre-existing condition. we repealed "don't ask, don't tell," as i promised him we would. today, he no outstanding soldier, marine, sailor, here man -- airman, none of them will be kicked out of the military because of who they are and who they love. when you think about ohio, and when governor romney said that we should let the auto industry go bankrupt -- we said, we are not going to take your advice. do not boo. vote. we reinvented a diving auto industry that supplies one in eight ohio jobs and has come roaring back to the top of the world. four y
we talked about, where he can get -- capsulize an argument. >> that's how they'll fund the tax cuts, not subsidize big bird. thanks, mitt. >>> we'll look down the road to see how polls were affected by last night's debate. keep talking about it. we have to get to "cnn newsroom" which begins with carol costello now. see you back here tomorrow. >> thanks, soledad. >>> which presidential candidate is joenjoying a big bounce on t campaign trail today? >>> miguel cabrera captures the triple crown. >>> one billion users and growing, now news that facebook wants you to pay to promote your posts. >>> a strong generic version of a popular anti-depressant off the market. what consumers need to know this morning. newsroom begins now. >>> good morning. thank you so much for joining us. i'm carol costello. it is the morning after the presidential debasement many americans are remembering not just what was said last night but over the weekend. remember the prediction that raised eyebrows just a few days ago? >> this whole race will be turned upside down come thursday morning. >> well, mitt romney
and in this country, taxed more. if you tax small business, they are not going to hire. i don't know how you don't figure out what mr. romney so eloquently said in that debate. talking about politics of the 1% or the 47%, conservatives want the best for all folks, and yes, we mean thewe don't want them trapped in poverty. we want them married, paying their taxes -- host: we will get katrina vanden heuvel's response. guest: yeah. listen, if marriage will promote the well-being of the couple, children, great. but in my mind, it is and not just that. that is too simplistic. it is part of the equation. without good jobs, without ensuring that workers have rights and a time -- at the time when big business is so powerful, without doing small things that happened around this country but have taken too much effort, giving women, families early child care, the sense of a community coming together to lift up families, marriages not sufficient. to reduce it to that is too simplistic. no one is saying marriage isn't important. it is not the only a factor in building a family that is doing well. the fact th
? >> is it fair to use the flag to get the rich to pay more than their fair share of taxes? >>> plus, face time for facebook. >> chairs are for people. that is why chairs are like facebook. >> why is the billion-member social media giant suddenly running ads? we'll update their status ahead on the "closing bell." ♪ [ piano ] you. we know you. we know that at times the basic things have felt like luxuries. that you had to earn the right to more. and that you feel real pride. introducing a car made better for you in every way. and built in america for thirty years. the all-new honda accord. it starts with you. ♪ i was downstairs making coffee, and we heard it. it just came crashing through the roof, out of nowhere. what is it? it's our ira. any idea what coulda caused this? maybe. i just sorta threw a little money here, a little money there. and i loaded up on something my dentist told me was hot. yeah. ♪ >>> pretty decent rally on wall street so far today. bob is in the middle of it all here at the new york stock exchange. >> hello, william. they're talking the bulls are out. they're talki
to tackle at an issue, increasing their taxes? >> let's start with the families. they will get their attention. the voters have to understand all this, which they did not, and voters need to understand what we have to do to get all this corrected, and they do not. if we ever get that over to the voters, they will vote for the people who are geared up, ready, and know how to do it and are running on that basis, and then we can change this country forever and get us back to where we used to be when i was a boy in the depression. why schoolteachers and would have been doctors, lawyers, indian chiefs today. with luck they were making $200 a month, but they were talented, they brought out the best in all of us. they were by example really fine people, and with the highest qualities. all that got transmitted to the children at class a even if they were not getting it at home. >> when you were running you were talking about increasing not necessarily dollars per capita, but investing in education, communications, and transportation. even while trying to reduce deficits and debt, you w
principleeis there will be no tax cut that addssthe deficit. obama: it is not possible to come up with enough deductions and loopholes that only affect high-income iinividuals to avoid raising the deficit or burdening the middle class. &pit's math. 3 a... cnn poll shows... viewers... believed... romney was... the clear winner obama won. pere's... our... question of the day.who do you thinn won the presidentiil debate? go... to... fox- baltimore dot comm.../ tell us... what you think.../. ound... us... a tweet.. at foxbaltimooe..... ttxt... your answer to ...45-203..../ enter... ox45a for fox45b for no. a... lot of... 'kitchee tablee topics... in.. last night's debate.../both... pressdent ooama's... and... governor romney's... tax plans... were... talked about... in depth. depth. pauu gessler talked to economists today to break down what it means for you.paul-- the major difference right off the battis the ush- era tax cuts on households makkng more than 250 thousand dollars.mitt permanent.baaack obama would llt ttem expire. rooneyycalls for
. governor romney says he would bring relief to the middle class. >> i don't have a $5 trillion tax cut. i don't have a tax cut that you're talking about. we should provide relief to the people in the mid class. high income people are doing just fine in this income, they'll do fine whether you're president or i am. the people having a hard time right now are middle income americans. under the president's policy middle income americans have been buried, they are being crushed. jon: mr. obama with this argument. >> the fact is that if you are loring the rates you describe, governor, then it is not possible to come up with enough deductions and loopholes that only affect high income individuals to avoid either raising the deficit or burden evening the middle class, it's math, it's arithmetic. jon: today it's back to the campaign trail. mr. obama in denver, and then to wisconsin. governor romney is in virginia where the most recent "real clear politics" average shows president obama leading with 47% of the vote, governor romney with 44. virginia has 13 electoral votes up for grabs. that's wher
on the for the past 18 months. he even through the tax policy away. he just changed everything. it was really unbelievable. i think many people looked at him being more aggressive. that is what they were rewarding. once people started paying attention to exactly why he said, they would see that his -- that he told so many lies and distorted what he was trying to say. i think the president look very presidential. he was not aggressive. he explained exactly what he wanted to say. i thought the whole purpose of the debate was for each one to explain what their policy was. romney just completely changed. that is what was so -- i guess it is not so surprising, because that is what he has done is flip-floping. i hope the president would get an ad out or they show what he has been saying and what he said last night. host: that was an from north carolina. this is from the president's home town newspaper. pieces.susan page's -- piece. she writes -- the podium in front of him not even adorned with the presidential seal. at times he sounded annoyed and defensive about having his tenure challenged in a w
trillion tax plan without blowing up the deficit or sticking it to the middle class. >> and the latest poll packs up that romney won the debate and 22% said the president came out on top. >> tom fitzgerald tonight in virginia's senate race. tim kaine continues to lead republican george allen in the polls. a wall street journal-maris poll of likely voters found cane with -- cane with 47% and putting him as the front runner after months of deadlock. >>> and new developments in the deadly shooting of a border patrol agent in arizona. we're learning the 30-year-old ivy and other agents responded to a motion sensor in the dessert when attacked. he die on the scene, another agent shot and survived. he loved the people he worked with and he was a hero. >> he is one of the people that you will be hard pressed to find anyone he's rubbed wrong. there is not a bad bone in his body. i honestly believe that he probably befriended many of the people he was out there serving. >> the fbi is investigating. >>> for nearly 70 years, the families of seven marines killed during world war ii have waited for this
with tax reform is in d.c. you're our no tax guy and i want to draw your attention to one line in the story today and it will get the deficit reduction reached through revenue raising by an overhaul of the tax code. and is that code for tax increase which senate republicans could agree to? >> it's come to a tax increase, and senate republicans won't agree to it and the head of the ways and means committee in the house of representatives just made it very clear yesterday, there will be no tax increase this year by eliminating deductions or credit. and those politicians-- >> why do you think the times is floating this story? front page, top story of the day, compromise, here it comes on the budget, tax increases. >> for all of 2011 they told us that the simpson bowles gang of six were about any moment now to put in writing some budget deal that would raise revenue, they never say taxes, oddly enough, but raise taxes to get revenue and cut spending some way down the road, maybe they think about it. and that was-- they talked about that all year, and it was never true. when we finally made the
there be anything surprising that emerges from there? mike the committee be smaller tax >> we were talking about rumors earlier in the context of -- might thed committee be smaller? >> we were talking rumors earlier. probably the u.s. is on the side, a minor concern that may have affected by a day or two. but fundamentally i think this got decided out of an internal logic in china, and not looking at united states. my own personal guess is that if you look at the pool of people eligible to be the next and the commit -- standing committee, we may have some difficulty deciding which fisher going to get pulled out of the pond. it is revealing to look at the fish in the pond, the totality of what they are choosing among and what we're looking at is a more diverse group of people in terms of education, business, law, even humanity, to some extent. we are looking at a broader generations. we are looking at people, we were talking about xi. he has some enormous experience, my those leaders from all over the world visiting his city. i think we are looking at people experienced in the world. when we look
repeat what i said. i'm not in favor of a $5 trillion tax cut. my plan is not to add to the deficit. >> romney proposed making the bush tax cuts permanent for all levels. he would repeal the alternative minimum tax and the estate tax. the snon-partisan tax said it would cost $4.8 trillion over ten years. romney said his plan would be paid for. to pay for the cuts, he would have to close loopholes in the tax codes and get red of deductions and credits. he hasn't said which he'd get rid of, saying he would work with congress. president obama said his plan would cut the deficit by $4 trillion. >> we all know we have to do more. so, i put forward a specific $4 trillion deficit reduction plan. it's on a website. you can look at all the numbers, what cuts we make and what revenue we raise. >> that comes from the budget and policy priorities. the president is counting money saved by letting the bush tax cuts expire for people making more than $250,000 a year. he's counting $1 trillion in savings but cutting down the wars in iraq and afghanistan. the committee for responsible budget called
>> eric: that's it for us. >> jamie: shannon? >> my plan is not to raise taxes on anyone. i'm going to reduce taxes for middle-income americans. >> mr. romney wants another $5 trillion in tax cuts that he can't pay for. >> you can't have it both ways. a battle over $5 trillion, your tax dollars, president obama says a tax cut by the governor would roll out benefits to only the wealthiest americans at the cost of the middle class. romney says, no matter how many times the president says it it is not true. who is telling the truth? i'm shannon bream, live in washington. we have representatives from both sides of the aisle. rnc chairman, reince priebus and dnc chairwoman, debbie wasserman-schultz. welcome. we start in washington with reince priebus. i want to talk about the unemployment numbers for september, 7.8%, the lowest since president obama has been in office. he said, you can't turn back now, america is moving in the right direction. has he made a case that we are seeing recovery? >> not at all. first of all, we will let the economists argue over the numbers. i know people are
, and relate regulating big business for the protection of the people -- setting reasonable taxes for the welfare of the nation, protecting and maintaining, advancing the national infrastructure. generally acting as leaders. next up is sherry, watching us up in des moines, iowa. caller: i do agree with mitt romney. i think the government is getting way too big. host: next up is les in detroit. a democrat. you are on. caller: we in michigan have to decide in november whether to allow a big state to come into a city to take over and take a financial manager or an emergency manager and. i guess they think the cities who have -- local government where they can come in and remove the city officials. like the mayor, city council. now, i do not think that is what the presidential candidate mitt romney had in mind when he wanted to say states have rights. but what about the city's rights to elect their own elected officials? and i guess follow their own destiny? winnie's a government interference, i understand you are talking about the federal. but i heard mitt romney say states' rights.
and tells you he will tax -- not lower taxes on the rich by cutting out deductions. just like the president said, he did not hammer him enough on it. even if you add up all of the deductions and then the defense spending, you are just going further into the hole. >> thank you. that is dave's tweet to us. we also have our facebook page open and our twitter account. you can send us lots of comments and any of these mediums. you can reach us on facebook.com/cspan. this is laurie who is a democrat. >> this is maria. i was calling to say i think romney is running on his ego. what he has been talking about all through this campaign was just taking care of the rich and not try to help the ones down below. there are so many people that need help. when obama bought into office, he already had that debt. it takes time for a person to -- romney should know -- it takes time to settle that big of a debt in more than four years. it will take more for us to get out of the dead that we are in. i think we should give president obama a chance for the next four years and let him prove himself. everybody is fi
worse economic news again. we saw that corporate tax has dropped by about a third from precrisis levels, basically small businesses are just not growing in this environment and big businesses are chasing profits abroad. so the government is just not getting the tax take on that front. in the asset classes, you can see some of the levels not that good at the moment. bundes still attracting a lot of attention. we've been waiting on spain to fishlgly l-- officially ask fo that aid. nonetheless, we're not seeing too much pressure on the periphery, 5.75%. let me send it back to you. >> thank you very much. the first presidential debate. john harwood is on the ground in denver. he joins us with the latest nbc news "wall street journal" poll. it looks like things are starting to even out at least a little. is this the bounce that president obama got after the democratic convention coming back down? >> well, i think it's the bounce from the convention and the surge that he got on top of the convention with that 47% video, so there is some good news for romney. not only our national poll, but a
tax plan without blowing up the deficit or sticking it to the middle class. that's the math . we can't afford to go down that road again. >> steve: so the day after his terrible performance even the new york times called him president xannex. they have gone in damage control mode . they were portraying romney as an extremist and now back to romney is a flip-flopper and a big fact liar . >> brian: i thought the senator was right when team obama got a earful. the strategy was to lay back and not make major mistakes. governor romney will be a true choice. he defined himself as competent and capable . he was making himself relevant and holding the job. that's what you walk away . he undid over two million worth of advertising. >> gretchen: he had a answer about the five billion, trillion argument that the president said. he said that is not my tax plan. and you can see the difference when they are on a stage together going after each another and back out on the stump. on the stump you can say whatever you want. these are people supporting each cand date. this is a moment romney respondin
the country for the last year promising $5 trillion in tax cuts that favor the wealthy. >> reporter: supporters like darrion wilson wondered where that president obama was last bamat. >> i was wanting him to have >> more enthusiasm in his enters and hit back a little more. i felt like romney was lying right and left and i'm, "come on, call him on that." >> reporter: campaign officials ancede in an attempt to appear above the fray mr. obama missed easy opening. he spoke slowly, sometimes haltingly in a roundabout way. >> i want to get to it, but all i want to do is very quickly. >> let's get back to medicare. >> reporter: it's not that the president didn't go on offense. >> is the reason that governor romney is keeping all these plans to replace secret because they're too good? >> reporter: but debate observers noted a difference in body language. la. obama looked down when his opponent spoke and sometimes appeared angry or peevish. emney kept his eyes glued on the president, waiting to jump in. today, mr. obama delivered some of the comebacks he missed last night. >> he said he woul
was going to cut taxes for wealthy people? >> he is the etch-a-sketch guy who has transformed himself and quite frankly, we always have to wonder which mitt romney is going to show up. if you just lay out lie after lie after lie about your own plan, as well as what the president has been talking about, of course you can look good. megyn: joining me now is chris stirewalt, host of "power play." i wanted to get back to january of 2009 when president obama in a common about immigration. joe wilson, shouted out, you lie on the floor of the house. watch this. >> there there are those that claim that our reform efforts would ensure illegal immigrants. this, too, is very false. the reform -- the reforms i am proposing would not apply to those who are here legally. megyn: the president and his supporters back then were outraged that joe wilson chose to resort to name-calling and calling him a liar. because they disagreed with what he was saying about his policies. the leader came out and said we have to get to the point where we can have a conversation about big and important issues that matt
. acorn. they used to get millions of tax dollars. that video, doing things like helping a pretend panpipe from the law. john: congress killing their funding. so acorn is gone except that they are not on. they just changed shapes. as dan epstein of the taxpayer watchdog group cause of action. what do you mean? >> my organization has been looking at acorn in is reprinted affiliate's of the past year, and we have seen that there are now 1704 groups out there, at least some of which including the mutual housing association of new york here in new york city are getting taxpayer dollars. yet we don't know if they're actually doing anything with that money. john: its new groups. not the same thing. >> the same directors, the same tax i.d. numbers, the same employee edification numbers. in many cases the same employees >> congress cuts them off and they just change names. >> i can tell you that when i were to the house oversight committee as an investigator we went to the inspector general's office, and an auditor told the committee staff when we found direct evidence of acorn housing misusing fe
justify raising taxes on the middle class has been buried the last four years. how in lord's name can they justify raising taxes with these tax cuts? >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney the next president of the united states. of course the middle class has been buried. they're being buried by regulations. they're being buried by taxes. they're being buried by borrowing. they're being buried by the obama administration's economic failures. >> reporter: romney campaign put together a conference call to draw attention, more focus to the comments by the vice president. the obama campaign pushed back saying this was just another act of desperation and what the vice president was talking about were -- were situations or a climate that was put in place by the failed policies of the former administration. i'll tell you what, at the very next event during his remarkings, the vice president did touch on the same subject but left out the word buried. s
actually, it is a bit more than that. but we do not need is a tax increase that will cost us 700,000 jobs. two years ago, the president said you do not want to raise taxes in a bad economy. the economy was better than that it is now. ladies and gentleman, this is a big choice. it is not only about taxes. it is about freedom. it is about our principles. it is about our country. it is about the idea of our country. america is so much more than a country with a flag. it is an idea. these ideas make us who we are. they make us special. i will see something that in washington is considered out of date or wrong, and it is this -- america is an exceptional nation. we are not afraid to say so. [cheers and applause] >> usa! usa! usa! >> we have a chance to get ourselves on the right track. we have a chance to vote for someone who will protect our freedoms. he will lead to protect our religious freedom. he will protect our second amendment rights. ladies and gentlemen, right here in virginia, we have a big choice to make. america has a big choice to make. america will make the right choice
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